80 percent of Occidental’s production is in the United States delivered higher operability and better-than-expected new well performance particularly in our two new drilling space units in New Mexico.
Occidental’s U.S. business is focused in the Permian Basin of West Texas and southeast New Mexico. Oxy USA Inc. ranks #6 in wells drilled in 2022 with 288 wells drilled in the Mid Continent of the US. OXY USA operated 22 drilling rigs and drilled 132 wells in North America in Q1 2023.
OxyChem, a top global manufacturer of chlorine and caustic soda, is contemplating a strategic initiative to modernize and expand its existing chlorine and caustic soda manufacturing complex with more efficient and effective technology. Last week Williams Pipeline Partners had a 14 mile pipeline approved to connect OxyChem Deer Park plant to Bayer plant.
Oxy was approved for an air permit by Texas Commission on Environmental Quality for a new mud plant located in Odessa. A mud plant is used to manipulate (mix, dilute, treat, adjust) various drilling fluids to be used in wells supported by this Supply Base.
Oxy Low Carbon Ventures (OLCV) subsidiary and Weyerhaeuser Company (NYSE: WY) today announced an agreement for the evaluation and potential development of a carbon capture and sequestration project in Livingston Parish, Louisiana.
Occidental uses EOR processes such as carbon dioxide (CO2) flooding to significantly extend the economic life of producing fields
Occidental is the No. 4 producer in the deepwater Gulf of Mexico with expansive infrastructure that includes 10 operated deepwater facilities strategically located 600 miles across the Outer Continental Shelf.
Occidental, through its development joint venture 1PointFive, is planning to build the world’s largest DAC facility in the Permian Basin using technology developed by Carbon Engineering. Occidental has been safely and permanently
A carbon tax would be bad for a lot of the industry, a carbon tax would be bad for the consumers and especially for those consumers who are more disadvantaged from an economic standpoint
Occidental Petroleum Pipeline Permian decline in Occidental Petroleum Corp.’s oil production in the Permian Basin has left the company with so much unused capacity on pipelines to the Gulf Coast that the problem will drive a midstream loss of as much as $750 million this year. Occidental said that total…
